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Hubble Deep Space Telemetry, Inc. issues only common stock and coupon bonds. The firm has a debt-equity ratio of 0.54. The cost of equity is

Hubble Deep Space Telemetry, Inc. issues only common stock and coupon bonds. The firm has a debt-equity ratio of 0.54. The cost of equity is 12.4 percent and the pre-tax cost of debt is 8.6 percent. The tax rate is 35.2 percent. What is the capital structure weight of the firm's equity (in percents)? Answer Tolerance: 0.125

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